Do you have savings? If not i would start there to build an emergency fund. Savings accounts do not have very good interest rates right now but i think it is always good to have some money that is fairly liquid in case an emergency rises.

Agree w/ HC I would put in regular savings account right now. Even though interest rates bite at the moment. Once you build up to a certian amount, perhaps you could explore some more higher yield savings options.

If you have debt, I would probably do a 50/50 between savings and paying something off.